ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.28; (P) 139.54; (R1) 140.42; GBP/JPY recovers mildly after hitting 138.65 but stays well below 142.75 resistance. Intraday bias remains on the downside for...

Canadian Dollar jumps sharply overnight as boosted by comments from a top BoC official that raises prospect of a rate hike. Senior Deputy Governor Carolyn Wilkins said in a speech that adjustment to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.21; (P) 140.86; (R1) 142.22; Intraday bias in GBP/JPY remains on the downside for 125.58 support. We'd look for bottoming signal around there to bring...

Sterling trades mildly softer against Dollar, Euro and Yen today. But it's holding above last week's low so far. After the disastrous election, UK Prime Minister Theresa May announced her new cabinet...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.25; (P) 141.81; (R1) 142.89; GBP/JPY's fall from 148.09 resumed after brief consolidation and reaches as low as 142.44 so far. Now that 61.8% retracement...

Sterling tumbles sharply and broadly as the UK election is now very likely proved to be a serious blow to Prime Minister Theresa May and the Conservatives. While the Tories would still get the most...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.25; (P) 141.81; (R1) 142.89; With 4 hours MACD crossed above signal line again, intraday bias is turned neutral again. As this point, we'll continue to...

Sterling is steadily in range as the latest poll on the eve of today's election showed that the Conservative could get an increased majority. According to ICM, Conservatives got a 12 point lead over...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.39; (P) 141.51; (R1) 142.32; Intraday bias in GBP/JPY remains on the downside for 61.8% retracement of 135.58 to 148.09 at 140.35. At this point, we'd...

Australian dollar surges broadly today as GDP grew 0.3% qoq in Q1, meeting market expectations, even though it's sharply slower than prior quarter's 1.1% qoq. But after all, it's the 103rd successive...

GBP/JPY Daily Outlook Daily Pivots: (S1) 141.89; (P) 142.49; (R1) 143.13; GBP/JPY is still staying above 141.43 temporary low and intraday bias remains neutral first. On the downside, break of 141.43...

Aussie stays in tight range today after RBA left cash rate unchanged at 1.50% as widely expected. The central bank also maintained a neutral stance and noted that "the Board judged that holding the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.55; (P) 142.75; (R1) 143.49; Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 141.43 will extend the decline from 148.09....

The forex markets are generally quite quiet today with many European countries on holiday. Nonetheless, Aussie is trading broadly higher as boosted by Chinese services data. Canadian Dollar also...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.70; (P) 143.20; (R1) 143.90; Break of 141.3.36 minor resistance suggests short term bottoming at 141.43, on bullish convergence condition in 4 hours MACD....

Major US indices surged to new record high overnight as boosted by solid ADP job data. Positive sentiments also carry on in Asian session. DOW gained 135.53 pts, or 0.65% to close at 2114.18, a record...